GBPUSD H1 intraday forecast (technical side) 2016-03-01

1 March 2016, 14:23
oleksandr bilokon
0
70
Calculated level for today:
 Support (S1 / S2 / S3 = 1,3847 / 21 / 1.3731) and resistance (R1 / R2 / R3 = 1,4001 / 36 / 1.4181).
Key support levels (1st from 1.3946 to 1.3938 late in the day, the 2nd of 1.3934 to 1.3890).
Growing activity bulls that marked OsMa indicator, provides the basis for planning of trading operations benefit from correction purchases.
Given the state of OB Stochastics oscillator, expect a test of key levels where it is recommended to consider the activities of the parties on the charts of smaller timeframes.
For short-term purchases from key levels or formation rollback of slain trend (down H4 broken) - target levels are calculated levels of resistance R2 / R3, and in case of breakdown up - to calculated resistance of the week and month (R1-w, R1-m).

Alternative sales correction, the possible reduction provided below 1st key level, with the objectives to S1 / S2 / S3.

Chart :http://bi0l.blogspot.com/2016/03/gbpusd-h1-intraday-forecast-technical.html 

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